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Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network’s critical infrastructure in the United States.
2021
43
LTM Revenue $203M
LTM EBITDA $83.8M
$1.2B
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Cipher Mining has a last 12-month revenue (LTM) of $203M and a last 12-month EBITDA of $83.8M.
In the most recent fiscal year, Cipher Mining achieved revenue of $151M and an EBITDA of $61.1M.
Cipher Mining expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Cipher Mining valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $203M | XXX | $151M | XXX | XXX | XXX |
| Gross Profit | $131M | XXX | $28.1M | XXX | XXX | XXX |
| Gross Margin | 65% | XXX | 19% | XXX | XXX | XXX |
| EBITDA | $83.8M | XXX | $61.1M | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 40% | XXX | XXX | XXX |
| EBIT | -$59.3M | XXX | -$98.3M | XXX | XXX | XXX |
| EBIT Margin | -29% | XXX | -65% | XXX | XXX | XXX |
| Net Profit | -$57.9M | XXX | -$44.6M | XXX | XXX | XXX |
| Net Margin | -29% | XXX | -30% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $26.7M | XXX | XXX | XXX |
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As of May 30, 2025, Cipher Mining's stock price is $3.
Cipher Mining has current market cap of $1.2B, and EV of $1.2B.
See Cipher Mining trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.2B | $1.2B | XXX | XXX | XXX | XXX | $-0.20 |
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Start Free TrialAs of May 30, 2025, Cipher Mining has market cap of $1.2B and EV of $1.2B.
Cipher Mining's trades at 7.8x EV/Revenue multiple, and 19.4x EV/EBITDA.
Equity research analysts estimate Cipher Mining's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cipher Mining has a P/E ratio of -19.9x.
See valuation multiples for Cipher Mining and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.2B | XXX | $1.2B | XXX | XXX | XXX |
| EV (current) | $1.2B | XXX | $1.2B | XXX | XXX | XXX |
| EV/Revenue | 5.8x | XXX | 7.8x | XXX | XXX | XXX |
| EV/EBITDA | 14.2x | XXX | 19.4x | XXX | XXX | XXX |
| EV/EBIT | -20.0x | XXX | -12.1x | XXX | XXX | XXX |
| EV/Gross Profit | 9.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | -19.9x | XXX | -25.8x | XXX | XXX | XXX |
| EV/FCF | -8.4x | XXX | -3.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialCipher Mining's last 12 month revenue growth is 70%
Cipher Mining's revenue per employee in the last FY averaged $3.5M, while opex per employee averaged $2.9M for the same period.
Cipher Mining's rule of 40 is 102% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cipher Mining's rule of X is 217% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Cipher Mining and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 70% | XXX | 71% | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 40% | XXX | XXX | XXX |
| EBITDA Growth | 113% | XXX | 83% | XXX | XXX | XXX |
| Rule of 40 | 102% | XXX | 111% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 217% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $3.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $2.9M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 84% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Phoenix Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Jasmine Technology Solution | XXX | XXX | XXX | XXX | XXX | XXX |
| Advanced Blockchain | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Group | XXX | XXX | XXX | XXX | XXX | XXX |
| More Impact | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Cipher Mining acquired XXX companies to date.
Last acquisition by Cipher Mining was XXXXXXXX, XXXXX XXXXX XXXXXX . Cipher Mining acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Cipher Mining founded? | Cipher Mining was founded in 2021. |
| Where is Cipher Mining headquartered? | Cipher Mining is headquartered in United States of America. |
| How many employees does Cipher Mining have? | As of today, Cipher Mining has 43 employees. |
| Who is the CEO of Cipher Mining? | Cipher Mining's CEO is Mr. Rodney Tyler Page. |
| Is Cipher Mining publicy listed? | Yes, Cipher Mining is a public company listed on NAS. |
| What is the stock symbol of Cipher Mining? | Cipher Mining trades under CIFR ticker. |
| When did Cipher Mining go public? | Cipher Mining went public in 2021. |
| Who are competitors of Cipher Mining? | Similar companies to Cipher Mining include e.g. Phoenix Group, Jasmine Technology Solution, Advanced Blockchain, Bitcoin Group. |
| What is the current market cap of Cipher Mining? | Cipher Mining's current market cap is $1.2B |
| What is the current revenue of Cipher Mining? | Cipher Mining's last 12 months revenue is $203M. |
| What is the current revenue growth of Cipher Mining? | Cipher Mining revenue growth (NTM/LTM) is 70%. |
| What is the current EV/Revenue multiple of Cipher Mining? | Current revenue multiple of Cipher Mining is 5.8x. |
| Is Cipher Mining profitable? | Yes, Cipher Mining is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cipher Mining? | Cipher Mining's last 12 months EBITDA is $83.8M. |
| What is Cipher Mining's EBITDA margin? | Cipher Mining's last 12 months EBITDA margin is 41%. |
| What is the current EV/EBITDA multiple of Cipher Mining? | Current EBITDA multiple of Cipher Mining is 14.2x. |
| What is the current FCF of Cipher Mining? | Cipher Mining's last 12 months FCF is -$141M. |
| What is Cipher Mining's FCF margin? | Cipher Mining's last 12 months FCF margin is -69%. |
| What is the current EV/FCF multiple of Cipher Mining? | Current FCF multiple of Cipher Mining is -8.4x. |
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